As part of the contemplated IPO, Believe – a label and artist services company and the owner of TuneCore – intends to raise approximately €500 million ($608 million) to finance its growth strategy. In a media release issued today, Believe confirmed it is a “fast-growing and profitable company” that generated €728 million in digital revenues in 2020, and €441 million of consolidated revenues in the same year.
Source: TuneCore owner Believe aims to raise €500m as it begins IPO process in France